Ask Has Upwork become more profitable at the expense of freelancers?

[Edward22]

It seems like Upwork keeps growing and reporting strong profits while many freelancers say their own earnings have not improved the same way. Fees and charges appear to increase, yet the actual amount of work available does not always grow at the same pace for everyone on the platform. This creates a feeling that the platform benefits more from freelancers than freelancers benefit from the platform. Do you think Upwork has become more profitable at the expense of freelancers?